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Creating Value in Ecosystems: Crossing the chasm between knowledge and business ecosystems

Bart Clarysse (), Mike Wright (), Johan Bruneel () and Aarti Mahajan ()
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Bart Clarysse: Imperial College London
Mike Wright: Imperial College London
Johan Bruneel: Imperial College London
Aarti Mahajan: Ghent University

No 22, Research Papers from Enterprise Research Centre

Abstract: Policy makers take initiatives to stimulate knowledge ecosystems in technology hotspots. It is implicitly assumed that these ecosystems will lead to value networks through which the participating companies can realise a competitive advantage. Value networks refer to business ecosystems where the value proposition is offered by a group of companies which are mutually complementary. The strategy literature suggests that business ecosystems lead to competitive advantages for each of the partners in the ecosystem. Based on a unique hand-collected database of 138 innovative start-ups in the region of Flanders, we analyse the knowledge and business ecosystem and the financial support network. We find that the knowledge ecosystem is well structured and concentrated around a number of central actors while the business ecosystem is almost non-existent at the local level. Further, we find that the financial support network is almost 100% publicly backed and fails to bridge the knowledge and business ecosystem. The implications for policy makers who tend to focus on the development of local ecosystems are discussed.

Keywords: Ecosystems; value networks; innovation systems; university spin-off; innovative start-ups; public sector funding schemes (search for similar items in EconPapers)
JEL-codes: L26 L53 M38 O33 O38 (search for similar items in EconPapers)
Date: 2014-08-01
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